First Republic bond prices suggest rocky road ahead for bank as it readies Q1 results

Trading in First Republic Bank corporate debt signals a rise in bearish sentiment for the bank in the weeks leading up to its first-quarter earnings update on Monday.

Yields on First Republic Bank’s FRC 4.375% 2046 bonds steadily climbed in early April to nearly 10% on April 16, up from about 9% early in the month, according to BondCliQ, a data-solutions provider.

At…